SGX M42F Thermal Coal - Daily Update 16 June 2020

10kt traded in Tuesday T Session 

• Jul-20 traded 10kt @ $26.25

 

June month-to date:

Futures volume at 362kt, Open interest at 393kt

 

Total volume since January 2020: 1,610kt

 

Physical

Market activity remains limited for Indonesian exports, with bid-offer spreads still wide as buyers and sellers wait to see how the Chinese import restrictions situation will be resolved. For low-rank material, a bid was heard at $23.00/t FOB, basis 3,800 kc NAR, for a June loading geared vessel. For July loading geared vessels, bids were reported at $24.00-24.50/t FOB, basis 3,800 kc NAR. An offer was heard from a Chinese trader at $25.00/t FOB, basis 3,800 kc NAR, for early July loading in a geared vessel, although they could not trade it due to import quota restrictions. A bid was also reported at $25.00/t FOB, basis 4,000 kc NAR, for a geared vessel loading in July.

 

Paper

M42, listed on SGX, traded at $26.25 for 10,000 t, up on the last traded level of $25.75 on Friday. Later in the day, June was bid at $25.50 and offered at $26.75, while July was bid at $25.75 and offered at $26.40. Further out, Q3-20 was bid at $26.00 and offered at $27.00 with Q4-20 bid at $26.35 and offered at $27.50.

 

Source: IHS McCloskey